Time for a 40% tariff on Middle Eastern oil!
Damn...cheaper gas at the pumps means less profit to Obama donors. It’s almost as if they could manipulate the market the whole time and made trillions more.../s
No increase in government taxes and greater government interference in the market.
Although U.S.-Middle East trade is small (4-5% of total U.S. trade), oil and gas
are key imports, accounting for roughly one-tenth of all oil and gas consumed in the
United States each year.
http://fas.org/sgp/crs/mideast/RL32638.pdf
The above is from the Middle East Free trade progress report.